Skip to content
Home » Blog » Forward Air's 1Q Income More than Doubles

Forward Air's 1Q Income More than Doubles



Click Here!


 Updated:
4/21/2011 10:15:00 AM

Forward Air Corp.’s first-quarter net income rose to $7.9 million, or 27 cents a share, from $3.4 million, or 12 cents, a year ago.

Revenue rose 12.3% to $120.2 million, the carrier said late Wednesday. Logistics unit revenue

The company had forecast its first-quarter earnings would be 20 to 24 cents per share, and that revenue would rise 9% to 13%.

Airport-to-airport revenue rose to $82.1 million, from $70.9 million, while logistics unit revenue improved to $16.5 million, from $13.9 million.

Forward Air, a contractor to the air cargo industry, is ranked No. 52 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.



Click Here!




© 2010, Transport Topics Publishing Group. All rights reserved.

RELATED ARTICLES

Higher Fuel Costs Lower 1Q Earnings, But Many Fleets Top Year-Ago Results (4/25/2011 2:15:00 AM)
Forward Air’s 1Q Income More than Doubles (4/21/2011 10:15:00 AM)
Forward Air’s 4Q Income Almost Doubles (2/14/2011 4:45:00 PM)
Truckload Profits Rise Sharply as Rate Increases Accelerate (10/25/2010 11:00:00 AM)
Forward Air Reports Higher 3Q Income (10/20/2010 4:30:00 PM)
Forward Air Reports Higher 2Q Income (7/22/2010 4:30:00 PM)
 
OTHER NEWS BRIEFS

Click Here!